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Aug 7, 2011
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steve centanni is live in washington. i know you are monitoring what they are saying this morning. a lot of finger-pointing, right? >> reporter: absolutely. one party blaming the other. a member of standard & poor's appeared and said no one party is to blame. >> this is really not about either political party. it is about the difficulty of all sides in finding a consensus around fiscal policy choices now and in the future. >> reporter: beers said congress and the white house are jointly responsible for our fiscal policy. >> jamie: i'm sure nobody in washington wants to deal with this. but it affects everybody the reputation and future not only of the president and the administration, but everybody in congress. how are they reacting this morning? defensive or optimistic that this is the right move for our future? >> reporter: as always, you have division on that. house budget committee chairman paul ryan agrees with beers, no one party is to blame. but says it is likely everyone will suffer as a result. >> i'm not very surprised at this downgrade. we more or less saw this coming, be
steve centanni is live in washington. i know you are monitoring what they are saying this morning. a lot of finger-pointing, right? >> reporter: absolutely. one party blaming the other. a member of standard & poor's appeared and said no one party is to blame. >> this is really not about either political party. it is about the difficulty of all sides in finding a consensus around fiscal policy choices now and in the future. >> reporter: beers said congress and the white...
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Aug 7, 2011
08/11
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steve centanni has been monitoring the chatter. joins us with more on the blame game. >> reporter: lots of chatter. democrats and republicans blaming each other. david beers of standard & poor's says it is neither party. it is the financial and political landscape. he says it is a question of the worldwide economy too. >> a lot of what is worrying the markets is the unfolding story in europe. also, a perception a global perspective that the world economy may be slowing. i think the markets are reacting to a lot of factors not just what s&p said friday. >> reporter: beers suggest another downgrade is not out of the question. he predicts the debt burden of the u.s. government will continue rising for some years to come. for the political finger-pointing it 10 to be harsh with senator kerry laying the blame squarely on the tea party. >> there were some people in the republican party being, and mitch mcconnell admitted this, who wanted to default. he said there were people in his party who were willing to shoot the hostage. in the end
steve centanni has been monitoring the chatter. joins us with more on the blame game. >> reporter: lots of chatter. democrats and republicans blaming each other. david beers of standard & poor's says it is neither party. it is the financial and political landscape. he says it is a question of the worldwide economy too. >> a lot of what is worrying the markets is the unfolding story in europe. also, a perception a global perspective that the world economy may be slowing. i think...
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Aug 6, 2011
08/11
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steve centanni live in washington with the latest. >> the president hasn't made any statements yet about this. but his press secretary, jay carney, has, by putting out a paper statement on the president's behalf and without making any direct reference to that s & p action downgrading our credit rating, carney talked about the president's intentions. he said, quote, over the coming weeks, the president will strongly encourage the bipartisan fiscal committee, as well as all members of congress to put our common commitments to a stronger recovery and sounder long-term fiscal path above our ideological differences differes we must do better our intentions to work together. >> thanks very much. >> arthel: we got it. here is -- concerns over what this downgrade means for them. will americans now start seeing interest rates rising on everything from credit cards to car loans? elizabeth mcdonald from the "fox business" network to break it all down. you guys have been really busy over there. let's start here. first of all, how big is this? we don't want to downplay the gravity of this, but we don
steve centanni live in washington with the latest. >> the president hasn't made any statements yet about this. but his press secretary, jay carney, has, by putting out a paper statement on the president's behalf and without making any direct reference to that s & p action downgrading our credit rating, carney talked about the president's intentions. he said, quote, over the coming weeks, the president will strongly encourage the bipartisan fiscal committee, as well as all members of...
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Aug 21, 2011
08/11
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what does steve forbes think he joins us to talk about it. great to see you today. >> good to be with you, shannon. >> at this point the market having a rough ride in recent weeks. are they driving the fear or simply reflecting it? >> they are reflecting to the banking crisis in europe and the inability of the europeans to deal with their own sovereign debt crisis in unlike 20 years ago when we dealt with the latin american debt crisis. also here at home the president is still sticking with his failed policies. he will have another unveiling after labor day. so far there is no indication that he will alter his course. he calls upon john boehner the speaker to come down and talk. he has done that before. as boehner says the president keeps moving the goal post every time they get near an agreement. the same old same old. i think the market overreacted. wise investors now start to get into the market realizing there will be a lot of turbulence to come but in a year or so this country is going to turn for the better. and by the way, shannon, we
what does steve forbes think he joins us to talk about it. great to see you today. >> good to be with you, shannon. >> at this point the market having a rough ride in recent weeks. are they driving the fear or simply reflecting it? >> they are reflecting to the banking crisis in europe and the inability of the europeans to deal with their own sovereign debt crisis in unlike 20 years ago when we dealt with the latin american debt crisis. also here at home the president is still...
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Aug 7, 2011
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steve centani is live in washington. so the blame game in washington, what does the s&p say about that >> david beard says no one party is to blame of the down grading. >> this is not about either political party. it's about the difficulty of all sides in finding a consensus around fiscal policy choices. now and in the future. >> reporter: both congress and the white house are jointly responsible for our fiscal policy. >> heather: and how are are members of congress reacting? >> they agree no one party is to blame but it's likely everyone will suffer as a result. >>> that is very surprised of the downgrade, we saw it coming. we'll find out tomorrow what kind of spike in rates we're going to get. but obviously does it affect the federal government but it hurts people. >> reporter: ryan predicts interest rates on home loans and car loans will rise. he says because washington is not gotten the fiscal house in order. democrats disagree that month one party is to blame and they are not shy about naming who is responsible. >>
steve centani is live in washington. so the blame game in washington, what does the s&p say about that >> david beard says no one party is to blame of the down grading. >> this is not about either political party. it's about the difficulty of all sides in finding a consensus around fiscal policy choices. now and in the future. >> reporter: both congress and the white house are jointly responsible for our fiscal policy. >> heather: and how are are members of congress...